US green-lights massive project set to transform the aviation industry — here's what you need to know
In February, the Trump administration surprised many by finalizing a sustainable fuel deal initially put into place by the Biden administration, expanding green fuel production in the U.S., Reuters reported.
The loan, disbursed by the Loan Programs Office under the Inflation Reduction Act, would allow manufacturer Calumet to expand a sustainable aviation fuel refinery in Montana. Currently, the facility produces 140 million gallons per year of biofuels; the expansion would more than double production to 315 million gallons and generate 500 jobs.
Biofuels have been in development for decades but have recently come to the fore as an alternative to dirty fossil fuels used in the aviation industry. Biofuels are made from plant and animal material, which is often waste from food production, and making and using these fuels generates less heat-trapping air pollution than collecting and using the same amount of fossil fuels.
Which of these factors would most effectively motivate you to buy an induction stove?
Healthier indoor air
Superior cooking results
Helping the planet
I wouldn't buy an induction stove
Click your choice to see results and speak your mind.
Unlike making aircraft electric — which requires extensive modifications to the equipment — biofuel can be used in the same engines as traditional fuel. That makes it an easy change to make immediately.
That's good news for the planet because excess heat-trapping gases from air pollution are overheating the Earth.
That causes damage to the environment and crops and leads to dangerous natural disasters. Much of that air pollution comes from the aviation industry — 2.5% of global heat-trapping gas emissions in 2023, per the International Energy Agency. Reducing that pollution is one of the necessary steps in getting the world's temperature in check.
While this is good news, this isn't the last word on the subject. An energy department spokesperson told Reuters that the department "is continuing to conduct a department-wide review of all funding, including grants and loans, to ensure all activities are consistent with the law and in accordance with President Trump's executive orders and priorities."
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
an hour ago
- Newsweek
Donald Trump Reveals Plans For His Tesla After Elon Musk Feud
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump said he is keeping his red Model S Tesla despite his recent feud with Elon Musk, but it might not stay at the White House, where the electric car has been parked since he bought it. Trump was asked by reporters about his plans for the Tesla vehicle and Musk's Starlink satellite internet service, which the White House uses, after the pair had a dramatic and public falling out. "I may move the Tesla around a little bit, but I don't think we'll be doing that with Starlink. It's a good service," Trump told reporters on Monday. Asked what he meant by moving the Tesla, Trump replied: "I have a lot of locations. I got so many locations that I don't know what to do with them all." Trump purchased the vehicle in March as a show of support for Musk and Tesla amid a backlash against the company. This is a developing article. Updates to follow.
The Hill
an hour ago
- The Hill
Asian shares are mixed as investors keep an eye on China-US trade talks
Asian shares were mixed on Tuesday as investors kept a wary eye on China-U.S. trade talks that could have a huge impact on the global economy. U.S. futures were flat and oil prices rose. A second day of talks was planned after U.S. and Chinese officials met in London on Monday for negotiations over various issues. The hope is that they can eventually reach a deal to reduce painfully high tariffs against each other. Most of the tariff hikes imposed since U.S. President Donald Trump escalated his trade war are paused to allow trade in everything from tiny tech gadgets to enormous machinery to continue. In Asian trading, Tokyo's Nikkei 225 gained 0.2% to 38,169.76, giving up early gains, while the Kospi in South Korea rose 0.3% to 2,866.66. Hong Kong's Hang Seng reversed its early advance, falling 0.4% to 24,083.58. The Shanghai Composite index dropped 0.6% to 3,379.75. In Taiwan, the Taiex surged 2.1%. Australia's S&P/ASX 200 advanced 0.7% to 8,578.50. India's Sensex was nearly unchanged. On Monday, the S&P 500 edged up just 0.1% and at 6,005.88 was within 2.3% of its record set in February. The Dow Jones Industrial Average slipped by 1 point, which is well below 0.1%, to 42,761.76. The Nasdaq composite added 0.3% to 19,591.24. Hopes that President Donald Trump will lower his tariffs after reaching trade deals with countries around the world have helped the S&P 500 has rally back after it dropped roughly 20% from its record two months ago. It's back above where it was when Trump shocked financial markets in April with his wide-ranging tariff announcement on what he called 'Liberation Day.' Some of the market's biggest moves came from the announcement of big buyout deals. Qualcomm rallied 4.1% after saying it agreed to buy Alphawave Semi in a deal valued at $2.4 billion. IonQ, meanwhile, rose 2.7% after the quantum computing and networking company said it agreed to purchase Oxford Ionics for nearly $1.08 billion. On the losing side of Wall Street was Warner Bros. Discovery, which flipped from a big early gain to a loss of 3% after saying it would split into two companies. One will get Warner Bros. Television, HBO Max and other studio brands, while the other will hold onto CNN, TNT Sports and other entertainment, sports and news television brands around the world, along with some digital products. Tesla recovered some of its sharp, recent drop. The electric vehicle company tumbled last week as Elon Musk's relationship with Trump broke apart, and it rose 4.6% Monday after flipping between gains and losses earlier in the day. The frayed relationship could end up damaging Musk's other companies that get contracts from the U.S. government, such as SpaceX. Rocket Lab, a space company that could pick up business at SpaceX's expense, rose 2.5%. In the bond market, the yield on the 10-year Treasury eased to 4.48% from 4.51% late Friday. It fell after a survey by the Federal Reserve Bank of New York found that consumers' expectations for coming inflation eased a bit in May. Economists expect a report coming on Wednesday to show inflation across the country accelerated last month to 2.5% from 2.3%. The Fed has been keeping its main interest rate steady as it waits to see how much Trump's tariffs will raise inflation and how much they will hurt the economy. A persistent increase in expectations for inflation among U.S. households could drive behavior that creates a vicious cycle that only worsens inflation. In other dealings early Tuesday, U.S. benchmark crude oil picked up 19 cents to $65.47 per barrel. Brent crude, the international standard, was up 22 cents at $67.26. The dollar slipped to 144.52 Japanese yen from 144.61 yen. The euro slipped to $1.1409 from $1.1421.
Business Insider
2 hours ago
- Business Insider
‘Time to Take a Pause,' Says Investor About Nvidia Stock
Nvidia (NASDAQ:NVDA) stock has roared back to life over the past two months, following a decidedly uncharacteristic drop earlier in the year. Shares have now climbed roughly 50% since hitting a post-Liberation Day low, driven by easing trade tensions, strong AI demand, and another impressive earnings report last month. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter That rebound comes despite several headwinds earlier in the year. The U.S.-China trade spat and fears of a broader pullback in AI-related capital expenditures had weighed heavily on investor sentiment. In particular, a targeted export restriction from the Trump administration on Nvidia's H20 GPUs resulted in a $4.5 billion hit during the last quarter. Still, it is hard to argue with Nvidia's stellar performance during Q1 Fiscal 2026, during which the company delivered record revenues of $44 billion, a year-over-year surge of 69%. The all-important data center segment grew at an even faster clip of 73%. While acknowledging the healthy earnings and NVDA's recovering share price, investor Johnny Zhang is not convinced that all the geopolitical hiccups are in the rearview mirror. 'I believe the 2H 2025 could bring more uncertainty, as the lagging effects of Trump's tariff policy and any setbacks on potential deals with China could create new volatility in the market,' explains the investor. Those concerns are not just theoretical. Zhang points to the unresolved H20 issue, stemming from U.S. export restrictions, as a key example. Nvidia is now expected to take an $8 billion inventory write-off as a result, and its margins are likely to decline further on a sequential basis. More broadly, the company has acknowledged it could forfeit access to a $50 billion total addressable market in China if those restrictions remain in place. Moreover, while Zhang believes that Nvidia will be able to navigate any economic slowdowns, the investor thinks there is a high possibility that the impact of the Trump tariffs will be felt during the latter part of the year. Against that backdrop, Zhang emphasizes that the recent rally in Nvidia's stock may not be sustainable without renewed visibility. He notes that further upside will hinge largely on AI spending trends in 2026, an outlook he calls 'highly uncertain.' In short, while Nvidia's fundamentals remain strong, its near-term growth path is anything but guaranteed. 'Chasing the stock's rally from here seems less compelling to me,' concludes Zhang, who gives NVDA a Hold (i.e. Neutral) rating. (To watch Zhang's track record, click here) Wall Street has a decidedly rosier view of NVDA. With 35 Buy, 4 Hold, and 1 Sell recommendations, NVDA continues to enjoy a Strong Buy consensus rating. Its 12-month average price target of $172.36 implies an upside north of 20%. (See )
